How Important Is BOJ Policy for the Global Economy?

The video discusses the impact of the Bank of Japan's (BOJ) monetary policy on global bond markets, highlighting its role in keeping bond yields low. It explores the widening spread between Treasurys and Bunds, influenced by ECB's bond purchases and potential changes in monetary policy. The video also analyzes the bond yield spread between Italy and Spain, noting Italy's underperformance. Additionally, it examines the performance of high yield debt compared to investment grade and the S&P 500, amidst warnings of potential shifts in monetary policy. Finally, it discusses the convergence of G7 bond yields and the stability of bond markets.

Discuss the implications of the widening spread between Treasurys and buns.

What trends are observed in the bond yields across the G7 countries?